A Tale of Two Recoveries: Economic Recoveries for Black and White Homeowners

Racial Wealth Gap Grows Dramatically, Leaving Black Families at Severe Economic Disadvantage

Document Date: June 19, 2015
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America’s racial wealth gap increased dramatically following the recent housing market collapse, placing black homeowners at severe economic disadvantage, perhaps for generations to come.

A study conducted for the ACLU by the Social Science Research Council, examined data from the longitudinal Panel Study on Income Dynamics concerning black and white households that owned a home at some point between 1999 and 2011.

The report explores the dramatic changes in wealth and home equity for these families over the course of that time period, and predicts how those changes might affect their children and grandchildren.

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